BITCOIN Heads Back Up. Hovers Around $15K; GOLD Ticks Down a Wee Bit After Big Runup (1/3/18)

Bitcoin Gold

FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

1/3/18 Closing Prices:

Bitcoin:  $15,041.85  (+$1277.85) 
Gold:  $1,315  (-$3) 
Dow Jones Industrials:  24,922.68  (+98.67)
S&P 500:  2,713.06  (+17.25)

Nasdaq Composite:  7,065.53  (+58.63)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Wednesday, 1/3/2018

  • BITCOIN hangs around $15,000. Is this “home” for a while?
  • Bitcoin jumped up yesterday on news Peter Thiel (Founders Fund) was a big buyer
  • Might be (??) a few days of low volatility.
  • Another big year for bitcoin coming. Next stop $30,000
  • GOLD softens after breaking out over $1,300. Backs off a couple of bucks
  • Breakout above $1,300 significant. Here comes $1,350 on this move
  • Gold is under owned and under loved. Don’t be short gold
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD


CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Read our PRIOR daily commentaries on Bitcoin vs Gold here